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1Z0-506 exam Dumps Source : Oracle Fusion Financials 11g Accounts Receivable Essentials
Test Code : 1Z0-506
Test Name : Oracle Fusion Financials 11g Accounts Receivable Essentials
Vendor Name : Oracle
: 123 Real Questions
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Oracle E-business Suite (EBS) is Oracle’s first suite of ERP and CRM functions, released in 2001. although, despite being over 17 years historical, it is still one of the crucial generic through organizations nowadays. despite the fact Oracle added a more moderen suite of applications via the identify of Oracle Fusion in 2011, the sheer familiarity of EBS has held lower back many organizations from taking the plunge and adopting Fusion.
although, with EBS coming near its end of assist, the migration to Fusion is now inevitable. through this text, they hope to provide you with insights on the many benefits of Fusion, in assessment with EBS, and assist you be mindful why the stream to Fusion has a lot going for it.
listed here are probably the most leading changes between EBS and Fusion that be sure you believe while making your decision emigrate from Oracle EBS to Oracle Fusion.carrier-Oriented structure
one of the most fundamental highlights of Fusion is that it uses a service-oriented structure (SOA), which takes on a more recent, a whole lot smoother method in distinction to the kinds and database-centric method of the Oracle software structure in EBS.wide selection of items & productive records mannequin
Fusion offers a number of products got by way of the Oracle over the last decade including distinctive commercial enterprise options like JD Edwards, PeopleSoft and Siebel, in addition to the Oracle E-company Suite (EBS). hence, the data model of Fusion is additionally a mixture of Oracle EBS, Siebel and PeopleSoft and is greater effective.Smoother Workflow & Reporting
while Oracle EBS uses a PL/SQL procedural language, Fusion makes use of business method Execution Language (BPEL) which assures a smoother, more seamless workflow. stories are also generated using PL/SQL in EBS whereas Fusion makes use of BI writer and XML formats for reporting.varied alternate options in economic Reporting
while Oracle EBS restricts the extent of economic reporting with financial plan Generator, Fusion presents a wide range of alternate options with Hyperion financial Reporting Studio, Oracle Transactional company Intelligence (OTBI).Futuristic company Intelligence
As EBS makes use of Oracle Discoverer, which has now been phased out with the aid of Oracle Fusion, there will not be any support or compatibility with more recent products together with Microsoft home windows, web Explorer and Oracle database updates. Oracle Fusion, nevertheless, makes use of the newer, extra superior Oracle enterprise Intelligence commercial enterprise edition (OBIEE).Simplified content management
When EBS outlets records in BLOBs, Fusion makes use of Oracle everyday content management (previously Stellant), which has been bought from Stellant. This presents a simplified solution to order an business’s doc management requirements in line with hierarchical approvals.Seamless Integration
EBS integrates with Oracle and non-oracle applications through utility Integration architecture (AIA) whereas Fusion does so via AIA, BPEL and different net functions.
listed below are a number of different key differentiators between Oracle EBS and Oracle Fusion:Why choose Fusion
As you can see above, Oracle Fusion comes with more advantageous protection and cloud-primarily based entry, easily navigable dashboards for productive troubleshooting and business-pleasant technologies. It additionally has a particular part over EBS with its ability to create ad hoc experiences for true-time data devoid of the need to run diverse queries. quite simply put, Oracle Fusion is the company suite of the long run!
The above content material turned into taken in the beginning from Cloud applied sciences.
Clover Infotech, an IT services provider, announced that it has correctly implemented Oracle Fusion Financials, a financial management answer for the Marcura group, an IT features issuer for the delivery and logistics trade. This become achieved within a listing time body of three months. this is additionally among the first giant scale implementations of Oracle Fusion Financials within the world shipping and logistics house.
Marcura group includes of groups that focal point on offering company options designed to aid their customers in the global maritime industry streamline procedures, navigate more and more complex regulations and mitigate dangers. The community contains of assorted world entities and presents multiple options with items like DA-Desk®, ProtsDirect®, CP Desk®, Martrust, PortLog, PortPoint, Laytime-Desk and appear-Desk.
After evaluating distinct enterprise aid Planning (ERP) and monetary accounting solutions, the Marcura neighborhood zeroed in on Oracle Fusion Financials because of its finished nature and advanced cloud capabilities. Marcura became looking for an implementation partner who could finished the multi-vicinity implementation inside three months. Clover Infotech’s talents in a various set of industries in addition to its consultative method resulted in Marcura opting for the company as its associate of alternative.
Oracle Fusion Financials is an entire financial management answer on cloud. It revolutionizes productivity and assistance entry with native, precise-time intelligence. The solution includes a broad suite of capabilities together with prevalent ledger, debts payable, debts receivable, fastened assets, and cash management. It additionally includes expense and collections administration that sit down on proper of a a hundred% open, specifications-based mostly platform to support purchasers raise business agility and standardize enterprise tactics.
Commenting on the building, Srikanth Doranadula, Senior Director & Head, Alliances & Channels, Oracle India observed, “Cloud is the profitable path to take for next generation agencies. they are assured that with Oracle Fusion Financials, the Marcura group can be capable of increase productivity and make stronger enterprise decisions with the true-time intelligence capabilities.” He introduced, ”Clover Infotech has performed a stellar job of implementing the solution inside three months and should be capable of present continued support to the company.”
Congratulating Clover Infotech on this vital task, Tushar Trivedi, neighborhood Head of Accounting, Marcura community, pointed out, “We had been certain that Oracle Fusion Financials is the correct answer to satisfy their necessities. They searched for an implementation companion who might take note their company requirements and be an integral part of this alternate. Clover Infotech got here on board and carried out this difficult venture in an utmost expert method. Their team had a constructive mix of americans with accounting capabilities, and potential of past versions of Oracle. I congratulate the teams at Clover Infotech, Oracle assist and Marcura for the unbelievable collaboration, making certain the success of this implementation”.
Commenting on the development, Javed Tapia, MD, Clover Infotech credited his crew for this achievement, “We knew from the first day that they were taking up a difficult challenge. i would like to congratulate the Clover Infotech crew for providing as expected in the stringent timelines. I take this chance to thank the Marcura group for his or her help in making certain this success and appear forward to many extra opportunities of collaboration”.
Oracle appears set to bring extra tips than ever before about its lengthy-awaited Fusion functions at the OpenWorld conference in September, with greater than 30 sessions listed as of Tuesday.
Fusion purposes are supposed to mix the optimal attributes of Oracle's quite a lot of software lines into a subsequent-technology suite. Oracle CEO Larry Ellison has spoke of they are going to make their initial debut sometime this yr, and many observers are expecting a unlock announcement at OpenWorld.
The conference periods consist of deep-dives into particular person Fusion modules, the suite's architectural underpinnings and its pervasive use of BI (company intelligence).
while the shows will apparently include a wealth of granular detail in regards to the application, OpenWorld additionally presents a crucial possibility for Oracle to consumers on some broader aspects of the Fusion launch, in line with some clients and analysts.
"The massive issue for me is the deployment strategy," stated Forrester research analyst Paul Hamerman.
Ellison advised final year's OpenWorld audience that Fusion applications are built to be deliverable as SaaS (application as a provider). however is not clear if Oracle itself will sell the entire functions this fashion, Hamerman referred to.
"I believe that Oracle's simply no longer ready to bounce into SaaS too lots, definitely, for economic causes," he stated. "Ellison's on listing saying no person's making any funds with SaaS, and it's pretty a great deal authentic."
Fusion purposes will most likely be offered in on-premises kind as well as via internet hosting services like Oracle's own On Demand division, Hamerman added. nevertheless it could be as much as partners to convey the utility as real multi-tenant SaaS, which gives cost mark downs and cuts management chores, since dissimilar clients share the identical utility example.
Oracle would in reality do well to further spell out the deployment options for Fusion, pointed out Floyd Teter, vp of the Oracle functions users neighborhood. Teter is additionally on the community's Fusion Council, which has served as a liaison between Oracle and customers related to the applications.
Teter, who works as director of the software administration workplace for system integrator Innowave applied sciences, is available in contact with many small and medium-sized corporations, he pointed out.
"one of the vital things they are attracted to phrases of Fusion Apps is, 'Do I really have to host this atmosphere myself,'" Teter noted. "[Oracle needs] to be express about that."
Fusion functions' technical underpinnings, which include Oracle Fusion Middleware and the JDeveloper toolkit, can result in alternate for a lot of users of Oracle's current ERP (commercial enterprise useful resource planning) items, which encompass JD Edwards, PeopleSoft and E-business Suite.
The SaaS deployment alternative might also hence be more eye-catching to smaller organizations with fewer materials and want to make this kind of transition.
there is also the probability of Fusion functions being delivered in equipment kind, in all probability powered through Oracle's Exadata platform.
however users can't make any big choices unless the application is in fact launched.
a minimum of, Hamerman is expecting Oracle to announce a typical-availability date for Fusion's first wave at OpenWorld. whereas few customers may additionally bounce to purchase it, Oracle nevertheless needs to set some expectations for the market, he noted.
"allow them to lay out the adoption curve," he talked about. "the place do they predict to be in a 12 months or two years? For this product, it's key to have reside customers in volume on payroll or regularly occurring ledger, to show out its capacity to tackle tremendous businesses."
perception into when the second wave of Fusion could be released would also be helpful to clients, considering the fact that the preliminary launch will no longer encompass a complete set of ERP modules.
"now not the entire verticals could be delivered," observed Altimeter community analyst Ray Wang. "it be crucial for Oracle to reveal what that street map is."
That said, Oracle has certainly located Fusion purposes as whatever thing users can undertake in modular fashion, at their own tempo.
"We don't think all valued clientele are going to substitute what they have got nowadays with Fusion," Ellison pointed out during his OpenWorld speech final yr. "We think they're going to augment what they have got with some Fusion. Fusion is designed to be delivered that method. ... they have substitute purposes and then they have net-new purposes."
however the company could do greater to cement this message, as many purchasers appear to be beneath the impression that moving to Fusion purposes should be like other upgrades, according to yet another consumer.
"or not it's way more of a mixture-and-fit [situation]. you will make a decision what you desire. it's a different situation for each user," talked about Debra Lilley, deputy chairwoman of the uk Oracle consumer community and an additional key liaison to Oracle involving Fusion.
it might help if Oracle started weaving Fusion purposes tips into its displays for E-enterprise Suite, PeopleSoft and JD Edwards consumers, she talked about.
In equity, Cliff Godwin, the Oracle govt in cost of E-enterprise Suite, did simply that all through a fresh adventure Lilley attended, she delivered.
meanwhile, Fusion's licensing model is a "phenomenally essential" enviornment for Oracle to make clear, Teter referred to. "We need to hear how that's going to work. What i have been told is we'll get 'like-for-like.' If we're upgrading from [E-Business Suite] financials to Fusion financials that may still be a no-can charge upgrade. but if or not it's a new module, as a way to charge you."
Lilley has an identical understanding. "In their conversations, they have been somewhat clear that in case you own that system now, you're going to personal that manner in Fusion," she stated.
but the usability improvements in Fusion purposes are so strong that many agencies will possible add user licenses, in line with Lilley, who has had huge arms-on adventure with the utility.
an extra secret is how open Fusion applications could be to other vendors' applied sciences, equivalent to databases.
here's a vital aspect for some Oracle purchasers. About one-third of PeopleSoft stores are databases aside from Oracle, Hamerman estimated. relocating to Fusion for this reason doubtlessly entails costly new license purchases.
Wang expects Oracle to provide some measure of cross-platform compatibility.
"like several good supplier they might be optimized for his or her own stack, but that doesn't mean they cannot work with others," he noted. "The market will dictate that Oracle needs to be open adequate to participate in other ecosystems."
Oracle didn't respond to a request for remark about its plans for Fusion applications at OpenWorld.
Chris Kanaracus covers business utility and well-known technology breaking news for The IDG information carrier. Chris's e mail tackle is Chris_Kanaracus@idg.comTo touch upon this article and different PCWorld content, discuss with their fb web page or their Twitter feed.
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Accounting and Financial SoftwareShared customers will benefit from increased scalability, manageability and Security of their mission-critical systems
NEW YORK CITY, July 11 / -- 170 Systems today announced that it will offer its flagship product line, the 170 MarkView Financial Suite, based on Oracle® Database 11g. The new performance, scalability, manageability and application development features in Oracle Database 11g will enhance 170 MarkView Financial Suite's performance and value for its Global 2000 customer base.
One of the earliest Certified Advantage Partners in the Oracle PartnerNetwork, 170 Systems has deployed the 170 MarkView Financial Suite in the world's largest companies to optimize and manage their financial processes. The 170 MarkView Financial Suite, which is integrated with the Oracle Database and Oracle Fusion Middleware, will extend Oracle Database 11g's new benefits to its users.
"Our customers collectively process well over $100 billion in critical financial transactions annually with the 170 MarkView Financial Suite and need a secure and reliable database platform that can adapt and scale quickly to support their growing and changing organizations. The Oracle Database 11g will further enhance these areas for their customers, while helping to reduce the time, effort and cost of maintaining their information systems," said Karl Buttner, Chairman and Chief Technology Officer of 170 Systems. "170 Systems is very pleased to have worked closely with Oracle as part of the Oracle Database 11g Beta program," Buttner added.
"We were delighted that 170 Systems participated in the Oracle Database 11g Beta Program," said Willie Hardie, vice president of Database Product Marketing at Oracle. "Oracle Database 11g delivers a wide range of new development and management features that will help partners like 170 Systems offer customers faster performance and more scalability from their application solutions."
About Oracle Database 11gOracle Database is the only database designed for grid computing. With the release of Oracle Database 11g, Oracle is making the management of enterprise information easier than ever, enabling customers to know more about their business and innovate more quickly. Oracle Database 11g delivers superior performance, scalability, availability, security and ease of management on a low-cost grid of industry standard storage and servers. Oracle Database 11g is designed to be effectively deployed on everything from small blade servers to the biggest SMP servers and clusters of all sizes. It features automated management capabilities for easy, cost-effective operation. Oracle Database 11g's unique ability to manage all data from traditional business information to XML and 3D spatial information makes it the ideal choice to power transaction processing, data warehousing, and content management applications.
About Oracle PartnerNetworkOracle PartnerNetwork is a global business network of more than 19,500 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer their customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle qualify for the Oracle Certified Partner levels. Partners who are able to demonstrate the highest level of product knowledge, technical expertise and a commitment to business with Oracle qualify for the Oracle Certified Advantage Partner level. These partners receive a higher level of service, support, training and certification from Oracle. http://partner.oracle.com/
About 170 Systems170 Systems is the proven leader in software solutions that manage and optimize financial processes for the world's largest companies. With over 40 percent of its customers in the Global 2000, 170 Systems' software embeds best practices in the end-to-end automation of financial processes, including Accounts Payable, Expense Management, Procurement, Accounts Receivable, Asset Management, General Ledger and Project Re-Billing. The result is an unmatched solution that ensures cost-effective and timely management of all transactions via a consistent process so that finance organizations can reduce operating costs, strengthen internal controls, improve service levels and maximize cash flow. 170 MarkView, the company's flagship product suite, is tightly integrated with leading ERP systems and is operational in more than 40 countries worldwide.
For more information about 170 Systems, please call 781.743.1900 (North America), +44 0208 610 6009 (other regions) or visit www.170systems.com.
FCMN Contact: firstname.lastname@example.org
Source: 170 Systems
CONTACT:Allison Parker of 170 Systems, +1-781-743-1991, aparker@170Systems.com
Web site: www.170systems.com/http://partner.oracle.com/Related Thomas Industry Update
REDWOOD SHORES, CA, Jul 30, 2013 (Marketwired via COMTEX) -- Oracle ORCL, +1.32%
News Summary With a rapidly changing global energy industry, power producers are under more pressure than ever to increase performance, reduce costs and enhance decision making. To stay at the forefront of the industry amidst all these changes, Canadian-based power producer, Capital Power Corporation wanted to redesign its core financial, human resource and supply chain processes to drive efficiencies and costs savings to help manage its 15 plants around North America. As part of those efforts it upgraded to Oracle E-Business Suite 12.1, to get to the current release and to address a significant change in charted accounts along with redesigning six of its core business processes. Now, Capital Power can access a suite of modern business applications that enable it to streamline business processes and reduce costs.
News Facts-- To help minimize customizations and drive efficiencies and cost savings, Capital Power Corporation, has upgraded to the latest release Oracle E-Business Suite 12.1. -- Capital Power originally expected to achieve an internal rate of return of 12.5 percent from its upgrade. Due to additional savings that were found during the process, the actual rate of return was 25.2 percent(i). -- With significant changes planned to its core business processes, Capital Power needed to upgrade to a more comprehensive and integrated suite of modern business applications that could to be more efficient across its financial, human resource and supply chain processes. -- Completed on time and under budget, Capital Power leveraged the Oracle E-Business Suite 12.1 to help redesign its business processes and create a standardized and automated IT environment that helped reduce its system customizations by 90 percent over its legacy system and simplified application maintenance. -- Capital Power leveraged Oracle E-Business Suite Human Capital Management (HCM) to help streamline and centralize benefits and payroll in order to better respond to employee and staffing needs. Oracle Self-Service HR has further increased efficiencies in HR processes by reducing manual administrative functions and empowering employees to update and maintain their own information. -- To help optimize financial operations and standardize internal controls, Capital Power used Oracle E-Business Suite Financials modules, including Oracle Internet Expenses, Oracle General Ledger, Oracle Payables, Oracle Receivables, Oracle Cash Management and Oracle Financial Analytics, to improve financial reporting accuracy and accelerate financial close. -- In addition, by using Oracle's Advanced Procurement suite of applications, including Oracle iProcurement, Capital Power has been able to reduce overall supply chain costs by streamlining the Procure-to-Pay process for employees. Capital Power expanded its application footprint after moving to the Oracle E-Business Suite 12.1 by implementing Oracle iSupplier Portal without customizations. Oracle iSupplier Portal provides suppliers with quick direct system access so that they can receive purchase orders, send invoices, check payment status and maintain their company profile details, significantly improving efficiency and accuracy for supplier and buyer. -- In recognition of the success Capital Power has achieved with the Oracle E-Business Suite 12.1, the company was recently awarded the 2013 Project of the Year by the Project Management Institute Northern Alberta Chapter. -- In addition, Capital Power implemented Oracle Business Intelligence Enterprise Edition (OBIEE) 11g for financial analytics, project analytics, and procure and spend analytics. OBIEE provides executives with a single dashboard view of the company's health and also enables all employees to view near real time information about financials, supply chain, and projects in a flexible, intuitive and individually configured way. -- OBIEE eliminates a massive amount of spreadsheet-based work, enables managers a near-real time view on budgets versus actuals, and provides accounts payable and accounts receivable staff easy access to the data needed to do their jobs.
Supporting Quote-- "We needed an automated and flexible business platform to increase efficiencies and establish a solid foundation as they redesigned a number of their core business processes. With the Oracle E-Business Suite 12.1, we've dramatically improved efficiencies and performance across their financial, human resource and supply chain processes, giving us a competitive advantage. They believe that over time these improvements will lead to significant cost savings," said Darryl Vleeming, Director, IS and CIO, Capital Power. "One of the goals of the project was to beat their competitor to the market when releasing quarterly results. They previously had never done that. This quarter we beat them to the market by four days, which is a massive amount of time when talking about the tight window that there is to release quarterly results."
Supporting Resources-- Oracle Applications -- Oracle E-Business Suite -- Oracle E-Business Suite Financials -- Oracle E-Business Suite Human Capital Management -- Oracle Advanced Procurement -- Oracle iProcurement -- Oracle iSupplier Portal -- Oracle Self-Service HR
About Oracle Applications Over 65,000 customers worldwide rely on Oracle's complete, open and integrated enterprise applications to achieve superior results. Oracle provides a secure path for customers to benefit from the latest technology advances that improve the customer software experience and drive better business performance. Oracle Applications Unlimited is Oracle's commitment to customer choice through continuous investment and innovation in current applications offerings. Oracle's next-generation Fusion Applications build upon that commitment, and are designed to work with and evolve your existing applications investments. Oracle's lifetime support policy helps ensure customers will continue to have a choice in upgrade paths, based on their enterprise needs. For more information on the latest Oracle Applications releases go to: www.oracle.com/applications.
About Oracle Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle ORCL, +1.32% visit www.oracle.com.
Trademark Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
(i) Internal rate of return was calculated on a 10 year period using net present value.Contact Info Danielle Cormier-Smith Oracle +1.610.766.3463 Email Contact Simon Jones Blanc & Otus +1.415.856.5155 Email Contact
SOURCE: Oracle Corporationhttp://www2.marketwire.com/mw/emailprcntct?id=BBB08CFAA9AFC143 http://www2.marketwire.com/mw/emailprcntct?id=78403057C4C880DE
(C) 2013 Marketwire L.P. All rights reserved.
Nextgen Runs Oracle Software on Oracle Hardware in Preparation to Sell Oracle Systems
· Nextgen Distribution Pty Limited (Nextgen), a technology distributor based in Sydney and a Platinum level member of Oracle Partner Network (OPN), has selected the Oracle E-Business Suite 12.1 (including Oracle E-Business Suite Financials and Oracle Discrete Manufacturing, as well as Oracle iStore) and Oracle CRM On Demand to provide the business backbone for its business.
· During this first phase of the IT transformation project planned at Nextgen, the company will run its business on open, standards-based and integrated solutions with some modules of Oracle Fusion Middleware due in phase two of the IT transformation project.
· Nextgen has been implementing the system with OPN Gold level members, Dataweave for the Oracle E-Business Suite and CrmNow for the Oracle CRM On Demand implementations.
· As a start-up Value Added Distributor (VAD), Nextgen was seeking a basic infrastructure to run a successful distribution business and selected Oracle to support their platform for growth against a number of other vendor solutions. Considerations such as scalability; cost savings, flexibility; and longer term maintenance and support requirements, were all important and carefully assessed. Above all, the requirement to implement a well respected enterprise level solution to support fast growth was essential.
· Nextgen chose Oracle Applications due to best practice business processes, ease of integration with the Oracle Database Appliance, competitive pricing and the speed of implementation.
· The first phase of the project for both the Oracle E-Business Suite 12.1 and Oracle CRM On Demand went live in just six weeks.
· Phase Two will commence shortly, which will include Oracle iStore and aspects of Oracle Fusion Middleware 11g to help integrate all aspects of the solution. Supporting Quotes · “We are a new business and they needed a major and robust ERP system that will scale for growth, easily change and adapt as they grow but that is also cost effective from a maintenance perspective. The deployment happened quickly, with the Oracle E-Business Suite 12.1 up and running in just six weeks. Their business is built on agility and responsiveness; relationships and integrity; and on executing innovative channel programs. The Oracle infrastructure will support their strategy,” said John Walters, Managing Director, Nextgen. “Oracle was the right choice for us with the added benefit of being able to run the Oracle Applications on their Oracle Database Appliance. It also presents a valuable demonstration for their current and future clients of how Oracle solutions are engineered to work together!”
· “We are excited to see this young company embrace the benefits of running the Oracle software on Oracle hardware,” said John Smith, General Manager, Applications Channels and Commercial, Oracle Australia and New Zealand. “The combination of the Oracle E-Business Suite 12.1 and Oracle CRM On Demand together with Oracle Database Appliance can help provide Nextgen with a reliable platform to grow from and the flexibility of the licensing model needed for a company that is projecting a quick expansion of its business.”
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